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Table of Contents
The politics of AI(Artificial Intelligence)
Private capital – Pay if it wants to use people’s personal data for commercial gain
Machine learning (a more precise term for AI) will certainly continue to surpass human
capabilities in specific domains such as
• 1)-Medical diagnosis and
• 2)-Facial recognition.
But an AI that can match human intelligence in all respects is unlikely it is impossible for AI
technology to replicate
Big Data
International Data Corporation, the market intelligence agency, estimates that worldwide
spending on AI solutions will grow to $57.6 billion by 2021.
Lion’s share of the investments is being made by the Big Five: Alphabet, Amazon, Apple,
Facebook and Microsoft
All hailing from the most profitable sector of global capitalism
It’s clear that AI is critical for future profitability- Driverless Cars
Financialisation and globalisation made it possible for corporates to tap into markets
anywhere in the world
Uber is the perfect example of what capitalism wants to be when financialisation, globalisation, and digitalisation come together.
Huge volumes of financial capital- Uber through year after year of huge losses as it expanded across the globe, offering rides at prices that disrupted local transportation markets
Oil is data
2017, 25% of global ad revenue- 60% of online advertising were gobbled up by 2 companies produce no content at all: Facebook and Google.
Both are platforms: one is a search platform and the other is a social networking platform.
Platform Capitalism, businesses structured as platforms.
India’s own data-mining initiative, the Aadhaar project, is an ambitious attempt
Time has come to put in place a new data ownership regime so that private capital is made to pay if it wants to use people’s personal data for commercial gain
AI is set to eliminate thousands of skilled jobs in the services sector
Which is why tech tycoons such as Elon Musk are advocating a universal basic income.
AI-enabled digitalised economy cannot survive without the ‘oil’ that can only come from non-AI (human) sources.
Prelims Focus Facts-News Analysis
Page-1- Coal mining open for private sector
CCEA approves methodology for auction of coal mines and blocks
‘Gift of nature’ for olive ridleys on Odisha coast
A portion of the beach has widened, making it safer for mass nesting of endangered turtles
Sea waves and winds have widened a portion of the beach near Rushikulya rookery on Odisha coast, boosting the prospects of increased mass nesting of the endangered olive ridley turtles this year
‘China deploys warships in Indian Ocean
Report says the ‘Blue 2018A’ •fleet of the Chinese Navy has been training in the East Indian Oc
ean for a ‘week or so’
Mahanadi tribunal gets Central nod
Chhattisgarh and Odisha in dispute over water sharing
‘China holding talks with Baloch militants’- Discussions concerned the CPEC
Ask Myanmar to take back Rohingya: Hasina
‘India should be more assertive on this’
PNB fraud due to failure of controls’